Bitcoin is currently experiencing pangs of mass liquidations. The cryptocurrency market is currently in the process of liquidating its longs, due to which the Bitcoin price has now fallen dramatically, down to exploring the $111K price level. With the price of Bitcoin exploring new lows, will it be able to secure a stable price momentum in the near future? What new Bitcoin price pedestals is the token currently targeting? Let’s find out.
Also Read: Gemini Says XRP 5‑Year ROI Beats Bitcoin, Ethereum
Next Possible Price Targets for Bitcoin: Expert Opinion
The Bitcoin price is currently a victim of mass liquidations. Nearly $75,000,000 worth of shorts have been liquidated in the past 60 minutes, impacting the price of Bitcoin the most. However, this price plunge is temporary, according to Javon Marks, a notable cryptocurrency expert.
According to Marks, Bitcoin has a lot to offer in the future, delivering major new bull cycles for the asset to explore.
“#Bitcoin’s bull cycles only ended AFTER prices crossed above the Power Law’s median threshold. There looks to be MUCH MORE IN THE TANK for this cycle 🚀…”
Marks later emphasized the technical aspects of the current Bitcoin price. He shared how the Bitcoin’s chart is now displaying an inverse head and shoulders pattern, which is considered a bullish formation. Per Marks, BTC price is currently exploring a slight shakeup before entering into its breakthrough phase. The expert later said how the asset is currently targeting a novel price high of $140K, ascent to which has already begun.
“After a clear inverse head & shoulders, which is a bullish pattern, prices of #Bitcoin look to be undergoing a light shakeout phase before the full results of this pattern. The results can result in Bitcoin climbing over 27% into the $140,000s! Also shown on the MACD is a hidden bull divergence, suggesting a further bullish move to be in the works…”
Technical Pathway and Insights
According to CoinCodex BTC data, Bitcoin is currently targeting a new high of $140K by the end of December 2025.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 26.53% and reach $ 141,230 by December 27, 2025. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 50 (neutral). Bitcoin recorded 16/30 (53%) green days with 2.36% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
Also Read: BlackRock Seeks Bitcoin Yield With New Premium Income ETF
